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Former Member
Jan 13, 2011 at 06:28 AM

ledger specific transactions to be maintained for IFRS reporting

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HI

We are involved in the implementation process and need to maintain the leading ledger as per US GAAP and also the ledger required for IFRS reporting. What will be the ledger specific transactions? Sharing same COA, do we need additianl account groups to identify them seperately or what is the procedure? Can a comparison report be generated?Also how is the material ledger maintained?

Please Help V_Shekhar